[Consulting] Providing legal consulting on the granting of stock options to foreign resident workers

Startup Esa is seeking to hire a foreign developer, John (pseudonym), who resides overseas and wishes to be employed by Esa, a domestic legal firm. To grant John stock options, they inquired with Veat Law Firm to verify whether he qualifies as an employee of Esa, who is recognized as an employee entitled to the same rights as those defined in the Labor Standards Act, considering that John is a foreign national who is not subject to the application of some domestic laws, and whether mandatory enrollment in the 4 mandatory insurances is required to be recognized as an employee.

Veat Law Firm conducted legal review regarding whether John, a foreign worker residing overseas, qualifies as an employee of Esa. In cases where ICT technology-based companies determine hiring based on the worker’s residence, a legal review of whether the worker’s status as an employee is recognized is necessary.

Veat Law Firm is a legal firm that thoroughly understands startups. It has extensive experience and consulting know-how regarding the entire process, from the establishment, operation, investment, and exit (capital recovery) of numerous startups.

If you need legal advice while running a startup, please contact Veat Law Firm.

Thank you.

Veat Law Firm